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Formal technical reviews supply the quality measurement to the ``cost effectiveness'' equation in a project management system. There are several unique formal technical review procedures, each applicable to particular types of technical material and to the particular mix of the Review Committee. All formal technical reviews produce reports on the overall quality for project management, and specific technical information for the producers. These reports also serve as an historic account of the systems development process. Historic origins and future trends of formal and informal technical reviews are discussed.